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the world's watching to see if congress reaches a deal to avoid the fiscal cliff. and within the last hour, the president said a deal is, quote, within sight and that he himself is willing to make hard choices to avoid $600 billion in automatic spending cuts and tax hikes. >> i'm willing to reduce our government's medicare bills by finding new ways to reduce the costs of healtcare in this country. that's something we all should agree on. we want to make sure that medicare is there for future generations. but the current trajectory of health care costs is going up so high, we have got to find ways to make sure that it is sustainable. but, that kind of reform has to go hand and hand with doing some more work to reform our tax coat so that wealthy individuals, the biggest corporations, can't take advantage of loopholes and deductions that aren't available to most of the folks standing up here. aren't available to most americans. so there is still more work to be done in the tax code to make it fair, even as we're also looking at how we can strengthen something like me
the world's watching to see if congress reaches a deal to avoid the fiscal cliff. and within the last hour, the president said a deal is, quote, within sight and that he himself is willing to make hard choices to avoid $600 billion in automatic spending cuts and tax hikes. >> i'm willing to reduce our government's medicare bills by finding new ways to reduce the costs of healtcare in this country. that's something we all should agree on. we want to make sure that medicare is there for...
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nyquil® cold and flu doesn't. >>> if we go over the fiscal cliff tomorrow night, congress could still pass a bill in a couple weeks. there's no guarantee they'll be able to come to an agreement quickly. ryan lizza is a correspondent for the new yorker. it's good to see you during the night. good to see you. >> thanks for having me. >> this uncertainty that americans are living with right now, do you think a deal can be reached by tomorrow? >> you know, i don't know. it's -- right now, as cnn's been reporting, it's up to mitch mcconnell and joe biden. those apparently are the two men where the entire negotiations have moved to. senator harry reid, who runs the senate, left tonight and told reporters on the way out, if you want to know if there's a deal, talk to biden and mcconnell. they have a history of reaching agreements, in the white house, biden is known as the mcconnell whisperer, and he got that reputation a couple years ago, when he was able to forge a budget agreement in 2010. maybe -- maybe there will be a breakthrough, but there are a lot of liberals and a lot of conservativ
nyquil® cold and flu doesn't. >>> if we go over the fiscal cliff tomorrow night, congress could still pass a bill in a couple weeks. there's no guarantee they'll be able to come to an agreement quickly. ryan lizza is a correspondent for the new yorker. it's good to see you during the night. good to see you. >> thanks for having me. >> this uncertainty that americans are living with right now, do you think a deal can be reached by tomorrow? >> you know, i don't know....
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to let the country go over the fiscal cliff. would your party have more leverage if we went over the cliff? >> i think both leader pelosi and i said going over the cliff ought not to be an option. it will be an indication of failure of the congress to work as it should. this has been the least effective, most confrontational congress in which i have served. i came here in 1981. so i think going over the cliff is not our preferred choice at all. we think we need to get to a compromise, which as i said, will procollude taxes from going up on middle income americans, provide for the unemployment insurance. i they we also provide for the reimbursement of doctors giving services to medicare patients. butt fact of the matter is it's been very difficult to reach compromise. i think the president of the united states and is now through vice president biden trying to reach a compromise. a compromise by its very definition means that neither side gets exactly what it wants. the difficulty from the house of representatives last week the re
to let the country go over the fiscal cliff. would your party have more leverage if we went over the cliff? >> i think both leader pelosi and i said going over the cliff ought not to be an option. it will be an indication of failure of the congress to work as it should. this has been the least effective, most confrontational congress in which i have served. i came here in 1981. so i think going over the cliff is not our preferred choice at all. we think we need to get to a compromise,...
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cliff, not the only deadline pressing on congress today. a five-year farm subsidies bill that expired in september was never renewed. senate members did develop an extension designed to prevent some food prices from going through the roof in january. the secretary of agriculture tells cnn lack of a farm bill could hit you right in the refrigerator. >> well, if you like anything made with milk, you're going to be impacted by the fact that there's no farm bill. because if there's not an extension of existing bill or a new bill basically on january 1st or shortly thereafter, permanent agriculture law goes back into place, 1949 law, which basically means the government, the federal government, will go back in the business of strongly supporting the dairy industry by raising the price support or support for dairy products to $38 a hundred weight which is almost double the price of milk today. >> if the house decides to take up the bill today, the full congress could vote on it tonight. >>> president barack obama said he was optimistic that a dea
cliff, not the only deadline pressing on congress today. a five-year farm subsidies bill that expired in september was never renewed. senate members did develop an extension designed to prevent some food prices from going through the roof in january. the secretary of agriculture tells cnn lack of a farm bill could hit you right in the refrigerator. >> well, if you like anything made with milk, you're going to be impacted by the fact that there's no farm bill. because if there's not an...
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but if congress does not work out a fiscal cliff deal, those workers will not notice much of a difference in paychecks because of higher taxes. >>> and milk might be good for your bones soon mighting bad for your bank account. congress has until tomorrow to vote on a mutual agreement to extend the farm bill by one year, or you could see milk prices double. it's not even certain the vote is going to happen yet, but people already calling the situation the dairy cliff. the secretary of agriculture tom vilsack issuing a dire warning about all dairy product prices, and he explains why this is happening. >> well, if you like anything made with milk, you're going to be impacted by the fact that there's no farm bill. because if there is not an extension of the existing bill or a new bill, basically on january 1st or shortly thereafter, permanent agricultural law goes back into place, 1949 law, which basically means the federal government will go back in the business of strongly supporting the dairy industry by raising the price support, if you will, or support for dairy products to $38 a hundred
but if congress does not work out a fiscal cliff deal, those workers will not notice much of a difference in paychecks because of higher taxes. >>> and milk might be good for your bones soon mighting bad for your bank account. congress has until tomorrow to vote on a mutual agreement to extend the farm bill by one year, or you could see milk prices double. it's not even certain the vote is going to happen yet, but people already calling the situation the dairy cliff. the secretary of...
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on the fiscal cliff. president obama is now scheduled to make a statement about the negotiations. that's going to take place about 1:30 or so, in less than 30 minutes. we'll bring it to you live at the white house as soon as it happens. we want to talk about what is going on behind the scenes. you have negotiations led by the vice president and senate minority leader mitch mcconnell. sources are telling us they are making some progress, but here's the catch. if a deal is reached, there is no guarantee it's going to pass. here's what democratic senator tom harkin said on the senate floor earlier this morning. >> if we're going to have some kind of a deal, the deal must be one that really does favor the middle class. the real middle class. those that are making 30,000, 50,000, 60,000, 70,000 a year. that's the real middle class in america. and as i see this thing developing, quite frankly, as i've said before, no deal is better than a bad deal, and this looks like a very bad deal the way it's he shaping up.
on the fiscal cliff. president obama is now scheduled to make a statement about the negotiations. that's going to take place about 1:30 or so, in less than 30 minutes. we'll bring it to you live at the white house as soon as it happens. we want to talk about what is going on behind the scenes. you have negotiations led by the vice president and senate minority leader mitch mcconnell. sources are telling us they are making some progress, but here's the catch. if a deal is reached, there is no...